As part of a major shift towards renewable energy commitments in the Kingdom of Saudi Arabia by leading industrial companies, ENGIE has been successful in a bid to provide the National Agricultural Development Company (NADEC), one of the leading foods, dairy and beverage companies in the Middle East and North Africa, with a dedicated solar power plant.
Dedicated to energy transition
NADEC launched the project to provide electricity from a dedicated 30 MWp solar PV facility in NADEC City, in the Haradh region (265 kms South-East from Riyadh) with the primary objective of supporting its energy transition process. The implementation of this project is expected to reduce NADEC’s fuel consumption by about 124,000 barrels of heavy and light fuel oil per year currently consumed in captive diesel generators.
Sebastien Arbola, CEO of ENGIE Middle East, South & Central Asia and Turkey commented: “We would like to congratulate NADEC for taking this exciting step in its energy transition ambitions, and we are extremely proud that this project constitutes the first utility scale corporate PPA project in the Kingdom with a direct contractual relationship between a developer and an end-customer”.
Turki Al Sheri, CEO of ENGIE in Kingdom of Saudi Arabia added further: “We are very proud to partner with NADEC on this unprecedent step in showcasing the reality of achieving economically driven solar prices, reducing liquid burning, attracting foreign direct investments, and creating local jobs for the Nation. Thanks to a combination of our strong regional experience and our worldwide expertise in designing, constructing and operating solar PV power plants, we have been successful in developing an extremely competitive proposal that will meet the needs of major Saudi industrial companies, such as NADEC, whom are committed to balancing the domestic power mix whilst ensuring that emerging Saudi talent is working at the forefront of renewables.”